Target Corporation (TGT) financial statements (2021 and earlier)

Company profile

Business Address 1000 NICOLLET MALL
MINNEAPOLIS, MN 55403
State of Incorp. MN
Fiscal Year End January 31
SIC 5331 - Variety Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:8,5112,5771,5562,6432,5124,0462,210
Cash and cash equivalents867767787400346375379
Short-term investments7,6441,810769 1,1103,0081,520
Other undisclosed cash, cash equivalents, and short-term investments   2,2431,056663311
Receivables 498     
Inventory, net of allowances, customer advances and progress billings10,6538,9929,4978,6578,3098,6018,790
Inventory10,6538,9929,4978,6578,3098,6018,790
Prepaid expense      231
Disposal group, including discontinued operation    693221,333
Other current assets1,5921,3331,4661,2641,1001,1611,754
Other undisclosed current assets (498)    (231)
Total current assets:20,75612,90212,51912,56411,99014,13014,087
Noncurrent Assets
Operating lease, right-of-use asset2,2272,236
Property, plant and equipment47,15726,28325,53325,01824,65825,21725,958
Intangible assets, net (including goodwill)  699   302
Goodwill  633   147
Intangible assets, net (excluding goodwill)  66   155
Disposal group, including discontinued operation, noncurrent assets    1275442
Other noncurrent assets1,3861,3581,2731,417771840917
Other undisclosed noncurrent assets(20,278) 1,266   (302)
Total noncurrent assets:30,49229,87728,77126,43525,44126,13227,317
TOTAL ASSETS:51,24842,77941,29038,99937,43140,26241,404
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,98114,32613,96212,93110,98911,65412,501
Accounts payable12,8599,9209,7618,6777,2527,4187,759
Accrued liabilities6,1224,4064,2014,2543,7374,2363,783
Taxes payable      550
Interest and dividends payable      409
Debt1,1441611,0522701,71881591
Disposal group, including discontinued operation    1153103
Deferred revenue and credits   255
Other undisclosed current liabilities      (1,214)
Total current liabilities:20,12514,48715,01413,20112,70812,62211,736
Noncurrent Liabilities
Long-term debt and lease obligation, including:11,53611,33810,22311,31711,03111,94512,705
Finance lease, liability1,7661,303
Capital lease obligations1,0211,1521,025859789
Operating lease, liability2,2182,275
Other undisclosed long-term debt and lease obligation7,5527,7609,20210,16510,00611,08611,916
Liabilities, other than long-term debt2,9291,7242,7522,7722,7392,7383,752
Accounts payable and accrued liabilities      128
Deferred compensation liability, classified      507
Deferred tax liabilities, net9727138618231,321
Deferred income tax liabilities990 
Liability, pension and other postretirement and postemployment benefits      151
Disposal group, including discontinued operation, liabilities    1818193
Other liabilities1,9391,7241,7802,0591,8601,8971,452
Other undisclosed noncurrent liabilities2,2183,3972,004   (786)
Total noncurrent liabilities:16,68316,45914,97914,08913,77014,68315,671
Total liabilities:36,80830,94629,99327,29026,47827,30527,407
Stockholders' equity
Stockholders' equity attributable to parent14,44011,83311,29711,70910,95312,95713,997
Common stock42424345465053
Additional paid in capital6,3296,2266,0425,8585,6615,3484,899
Accumulated other comprehensive loss(756)(868)(805)(747)(638)(629)(599)
Retained earnings8,8256,4336,0176,5535,8848,1889,644
Total stockholders' equity:14,44011,83311,29711,70910,95312,95713,997
TOTAL LIABILITIES AND EQUITY:51,24842,77941,29038,99937,43140,26241,404

Income statement (P&L) ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Revenues93,56178,11275,35671,87969,49573,78572,618
Revenue, net71,87969,49573,78572,618
Cost of revenue
(Cost of Goods and Services Sold)
(66,177)(54,864)(53,299)(51,125)(48,872)(51,997)(51,278)
Gross profit:27,38423,24822,05720,75420,62321,78821,340
Operating expenses(20,845)(18,590)(17,947)(16,442)(13,356)(14,183)(14,822)
Other operating expense, net
(Other Expenses)
     (39)(29)
Operating income:6,5394,6584,1104,3127,2677,5666,489
Nonoperating income (expense)(16)927 4 11
Investment income, nonoperating      11
Other nonoperating income (expense)(16)927 4  
Interest and debt expense(977)(477)(461)(666)(1,004)(607)(1,167)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (2,302)(2,036)(1,680)
Income from continuing operations before income taxes:5,5464,1903,6763,6463,9654,9233,653
Income tax expense(1,178)(921)(746)(718)(1,296)(1,602)(1,204)
Net income attributable to parent:4,3683,2692,9302,9282,6693,3212,449
Other undisclosed net income (loss) available to common stockholders, basic 12766842(4,085)
Net income (loss) available to common stockholders, diluted:4,3683,2812,9372,9342,7373,363(1,636)

Comprehensive Income ($ in millions)

1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
1/31/2015
Net income:4,3683,2692,9302,9282,6693,3212,449
Comprehensive income:4,3683,2692,9302,9282,6693,3212,449
Other undisclosed comprehensive income (loss), net of tax, attributable to parent112(51)(51)145912(3,793)
Comprehensive income (loss), net of tax, attributable to parent:4,4803,2182,8792,9422,7283,333(1,344)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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